Infarm Indoor Urban Farming Canada Inc.

Infarm Indoor Urban Farming Canada Inc. is the subject of Division I proposal proceedings under sections 50.4 and 69 of the Bankruptcy and Insolvency Act in the Court of King's Bench of Alberta, court file 25-3002847. The Statement of Affairs, as at April 9, 2024, estimates total assets of $1.00 against total liabilities of $8,665,373.90 — unsecured claims of $8,665,372.90 and secured claims carried at a nominal $1.00 — with a deficiency stated. The largest unsecured claim is Albari Holdings Ltd. at $6,047,027.60, followed by ARCO/Murray International Construction – Toronto ULC at $776,116.85, Triplepoint Capital LLC at $734,999.00, 3D Warehousing & Logistics at $274,050.00 and Schaefer System International Limited at $137,895.00. Triplepoint is separately listed as a secured creditor in an undetermined amount, and the Canada Revenue Agency is listed as unsecured for $11,160.65.